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09/29/93 <br />RELEASE OF DEVELOPMENT AGREEMENT <br />This Releaj �e, of Development Agreement is executed and <br />delivered as of the of , 1993, by the City <br />of Little Canada, Minnesota, a Municipal Corporation (the <br />"City "). <br />WHEREAS, the City is a party to that certain <br />Development Agreement dated as of December 15, 1989, and recorded <br />in the office of the Ramsey County Recorder, as Document <br />No. 929081 (the "Development Agreement "); and <br />WHEREAS, the City has agreed to release the land <br />described on Exhibit A hereto (the "Property ") from any lien or <br />claim under the Development Agreement. <br />NOW, THEREFORE, for One Dollar ($1.00) and other good <br />and valuable consideration, the receipt whereof is hereby <br />acknowledged, the City hereby agrees as follows: <br />1. The City hereby releases the Property from the <br />Development Agreement, and agrees and acknowledges that the City <br />shall have no right, title, interest, or claim in or to the <br />Property, or any part thereof, under or pursuant to the <br />Development Agreement. <br />2. Nothing herein shall operate to discharge or <br />release the Development Agreement from the property affected <br />thereby, other than the Property described on Exhibit A hereto. <br />IN WITNESS WHEREOF, the City of Little Canada, <br />Minnesota, has executed this Release of Development Agreement as <br />of the day and year first above written. <br />CITY OF LITTLE CANADA <br />And By <br />Its <br />Page 41 <br />neputy Clprk <br />